{"id":58580,"date":"2026-03-13T12:44:02","date_gmt":"2026-03-13T12:44:02","guid":{"rendered":"https:\/\/amazing-banzai.188-132-230-163.plesk.page\/index.php\/2026\/03\/13\/turkiye-is-bankasi-isctr-2025-4-ceyrek-bilanco-yorumu\/"},"modified":"2026-03-13T12:44:02","modified_gmt":"2026-03-13T12:44:02","slug":"turkiye-is-bankasi-isctr-2025-4-ceyrek-bilanco-yorumu","status":"publish","type":"post","link":"https:\/\/amazing-banzai.188-132-230-163.plesk.page\/index.php\/2026\/03\/13\/turkiye-is-bankasi-isctr-2025-4-ceyrek-bilanco-yorumu\/","title":{"rendered":"T\u00fcrkiye \u0130\u015f Bankas\u0131 (ISCTR) 2025 4. \u00e7eyrek bilan\u00e7o yorumu"},"content":{"rendered":"

T\u00fcrkiye \u0130\u015f Bankas\u0131 A.\u015e.\u00a0(ISCTR) 2025 y\u0131l\u0131 4. \u00e7eyrek finansal sonu\u00e7lar\u0131 6 \u015eubat g\u00fcn\u00fc kamuya a\u00e7\u0131kland\u0131. Bilan\u00e7o<\/a> sonras\u0131nda \u015eirketin finansal tablolar\u0131 i\u00e7in de\u011ferlendirme, Ziraat Yat\u0131r\u0131m Menkul De\u011ferler A.\u015e.\u2019den geldi.<\/p>\n

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T\u00fcrkiye \u0130\u015f Bankas\u0131 A.\u015e. hisse haberleri \u2013 ISCTR hisse yorumu<\/h2>\n

Ziraat Yat\u0131r\u0131m de\u011ferlendirmesi \u015fu \u015fekilde; \u201c\u0130\u015f Bankas\u0131\u2019n\u0131n 2025 y\u0131l\u0131n\u0131n d\u00f6rd\u00fcnc\u00fc \u00e7eyre\u011findeki net d\u00f6nem kar\u0131 \u00e7eyreksel bazda e oran\u0131nda artarak 23.438mn TL olarak ger\u00e7ekle\u015fmi\u015ftir. Bizim net kar beklentimiz 16.315mn TL iken, piyasan\u0131n net kar beklentisi 16.236mn TL idi. Tahminimdeki sapmada kar\u015f\u0131l\u0131k iptali ile birlikte y\u00fcksek gelen di\u011fer faaliyet gelirleri etkili olmu\u015ftur. D\u00f6rd\u00fcnc\u00fc \u00e7eyrek kar\u0131 sonras\u0131nda Banka\u2019n\u0131n 2025 y\u0131l\u0131ndaki net d\u00f6nem kar\u0131 2024 y\u0131l\u0131na g\u00f6re g\u00f6re H oran\u0131nda artarak 67,4 milyar TL\u2019ye y\u00fckselmi\u015ftir.
Fonlama maliyetindeki d\u00fc\u015f\u00fc\u015f\u00fcn \u00f6nemli etkisiyle net faiz gelirleri Q oran\u0131nda y\u00fckselerek 38,7 milyar TL\u2019ye ula\u015fm\u0131\u015ft\u0131r. Bununla birlikte, net \u00fccret ve komisyon gelirleri %7 oran\u0131nda artarak 38,6 milyar TL\u2019ye \u00e7\u0131km\u0131\u015f ve kar\u0131 desteklemi\u015ftir. T\u00dcFE endeksli tahvillerden elde edilen katk\u0131 ise son \u00e7eyrekte hafif artarak 11,8 milyar TL olarak ger\u00e7ekle\u015fmi\u015ftir.
Emekli Sand\u0131\u011f\u0131 Vakf\u0131 i\u00e7in ayr\u0131lan kar\u015f\u0131l\u0131klar\u0131n iptalinden 5,8 milyar TL gelir yaz\u0131lmas\u0131 ve i\u015ftirak gelirlerinin B oran\u0131nda artarak 14,3 milyar TL\u2019ye \u00e7\u0131kmas\u0131 da kar\u0131 destekleyen di\u011fer fakt\u00f6rler olmu\u015ftur. Artan ticari zarar (yakla\u015f\u0131k 3 milyar TL, swap maliyeti 7,6 milyar TL) ve oran\u0131nda artarak 45,6 milyar TL\u2019ye \u00e7\u0131kan operasyonel giderler ise kar\u0131n daha y\u00fcksek gelmesini engellemi\u015ftir. \u00d6nceki \u00e7eyreklerde vergi geliri yazan \u0130\u015f Bankas\u0131, bu \u00e7eyrekte 6,2 milyar TL vergi gideri kaydetmi\u015ftir.
Fonlama bask\u0131s\u0131n\u0131n azalmas\u0131yla birlikte net faiz marj\u0131 d\u00f6rd\u00fcnc\u00fc \u00e7eyrekte 112 baz puan geni\u015flemi\u015f ve %3,89\u2019a \u00e7\u0131km\u0131\u015ft\u0131r. \u00d6te yandan, \u00f6zsermaye karl\u0131l\u0131\u011f\u0131 ise #,2 olarak ger\u00e7ekle\u015fmi\u015ftir. \u00d6nceki ,3 idi. Bankan\u0131n son \u00e7eyrekte sermaye yeterlili\u011fi ise 67 baz puan art\u0131\u015fla ,52\u2019ye \u00e7\u0131km\u0131\u015ft\u0131r.
Kredi Mevduat oran\u0131 v,8\u2026<\/em>D\u00f6rd\u00fcnc\u00fc \u00e7eyrekte TL krediler civar\u0131nda b\u00fcy\u00fcme kaydederken, t\u00fcketici kredilerindeki art\u0131\u015f ivmesi s\u00fcrm\u00fc\u015ft\u00fcr. KOB\u0130 ve TL bazl\u0131 ticari ve kurumsal kredilerde de d\u00fc\u015f\u00fck onlu seviyelerde b\u00fcy\u00fcme g\u00f6r\u00fclm\u00fc\u015ft\u00fcr. YP krediler ise Dolar baz\u0131nda yatay bir g\u00f6r\u00fcnt\u00fc \u00e7izmi\u015ftir. Fonlama taraf\u0131nda; TL mevduatlarda %9 b\u00fcy\u00fcme g\u00f6zlenirken, YP mevduatlar %5 art\u0131\u015f kaydetmi\u015ftir. Son olarak, \u0130\u015f Bankas\u0131\u2019n\u0131n kredi mevduat oran\u0131 \u00e7eyreksel bazda hafif artarak 4\u00c72025\u2019te v,8 olarak ger\u00e7ekle\u015fmi\u015ftir.<\/p>\n

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Takipteki krediler oran\u0131 %3,19\u2026<\/em>Banka\u2019n\u0131n takipteki krediler oran\u0131, b\u00fcy\u00fck bir kredinin takibe d\u00fc\u015fmesi ile birlikte 52 baz puan k\u00f6t\u00fcle\u015ferek %3,19 seviyesine \u00e7\u0131km\u0131\u015ft\u0131r. Takipteki kredi kar\u015f\u0131l\u0131k oran\u0131 ise W,7\u2019den c,3\u2019e \u00e7\u0131km\u0131\u015ft\u0131r. \u0130kinci a\u015fama kredi oran\u0131 da ,2 ile \u00f6nceki \u00e7eyre\u011fe g\u00f6re 70 baz puan art\u0131\u015f g\u00f6stermi\u015ftir. \u00d6te yandan, Banka\u2019n\u0131n sermaye yeterlilik oran\u0131 BDDK d\u00fczenlemesi dahil 67 baz puan artarak ,52 (BDDK d\u00fczenlemeleri hari\u00e7 ,04) seviyesine ula\u015fm\u0131\u015ft\u0131r. Net kar\u0131n katk\u0131s\u0131 76 baz puan olurken, kur hari\u00e7 risk a\u011f\u0131rl\u0131kl\u0131 varl\u0131klar\u0131n 88 baz puan negatif etkisi olmu\u015ftur.
Banka 2026 y\u0131l\u0131 hedeflerini payla\u015ft\u0131\u2026<\/em>\u0130\u015f Bankas\u0131 2026 beklentilerini payla\u015fm\u0131\u015ft\u0131r. Bu y\u0131l %4 civar\u0131nda b\u00fcy\u00fcme bekleyen Banka, enflasyonun y\u0131l sonunda yakla\u015f\u0131k %\u2019e, politika faizinin ise 0\u2019a d\u00fc\u015fmesini \u00f6ng\u00f6rmektedir. \u00d6te yandan, \u0130\u015f Bankas\u0131\u2019n\u0131n TL kredi b\u00fcy\u00fcme hedefi \u201cOrta 0\u2019lar\u201d, YP kredi b\u00fcy\u00fcme beklentisi Dolar baz\u0131nda \u201corta d\u00fc\u015f\u00fck tek haneli\u201d \u015feklindedir. TL mevduatlar\u0131n ise 5\u2019te y\u00fcksek bir oranda artmas\u0131 \u00f6ng\u00f6r\u00fclmektedir. Swap maliyetlerine g\u00f6re d\u00fczeltilmi\u015f net faiz marj\u0131 tahmini yakla\u015f\u0131k %5\u2019dir. Net \u00fccret ve komisyonlardaki art\u0131\u015f beklentisi yakla\u015f\u0131k @ olan \u0130\u015f Bankas\u0131\u2019n\u0131n faaliyet gider art\u0131\u015f tahmini ise \u201cOrta @\u2019lar\u201d \u015feklindedir. Banka\u2019n\u0131n takipteki kredi oran\u0131 \u00f6ng\u00f6r\u00fcs\u00fc yakla\u015f\u0131k %4 iken, ortalama maddi \u00f6zkaynak karl\u0131l\u0131\u011f\u0131 beklentisi yakla\u015f\u0131k 0\u2019dur.
Marjlarda kademeli iyile\u015fme beklentisi\u2026<\/em>Banka net faiz marj\u0131ndaki y\u00fckseli\u015f tahminin, TL kredi mevduat makas\u0131ndaki geni\u015flemeden kaynaklanmas\u0131n\u0131 beklerken, marjlar\u0131n kademeli artaca\u011f\u0131n\u0131 \u00f6ng\u00f6rmektedir. Uzun vadeli s\u00fcrd\u00fcr\u00fclebilir net faiz marj\u0131n\u0131n %4 civar\u0131nda olu\u015fabilece\u011fi belirtilmi\u015ftir. D\u00fc\u015fen faiz ortam\u0131nda gelirin yakla\u015f\u0131k p\u2019ini olu\u015fturan \u00f6deme sistemlerinin bundan etkilenece\u011fini ancak artan kullan\u0131m ve penetrasyon d\u0131\u015f\u0131nda varl\u0131k y\u00f6netimi ile sigortac\u0131l\u0131k gelirlerinden bunun telafi edilebilece\u011fi dile getirilmi\u015ftir. Aktif kalitesindeki k\u00f6t\u00fcle\u015fmenin genel olarak beklentiler dahilinde oldu\u011fu ifade edilmi\u015ftir. \u00d6te yandan Banka efektif vergi oran\u0131n\u0131n bul y\u0131l % civar\u0131nda olu\u015fmas\u0131n\u0131 beklediklerini dile getirmi\u015ftir. Son olarak s\u00fcrd\u00fcr\u00fclebilir \u00f6zsermaye karl\u0131l\u0131\u011f\u0131n\u0131n reel orta y\u00fcksek tek haneli oldu\u011fu ifade edilmi\u015ftir.
Beklentilerimizi g\u00fcncelliyoruz\u2026<\/em>2025 ger\u00e7ekle\u015fmelerinin ard\u0131ndan \u0130\u015f Bankas\u0131 ile ilgili beklentilerimizi g\u00fcncelliyoruz. Buna g\u00f6re 2026 y\u0131l\u0131 kar beklentimiz 134.337mn TL, \u00f6zsermaye karl\u0131l\u0131\u011f\u0131 beklentimiz ise ‘,7 \u015feklindedir.<\/p>\n

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\u27a2 Raporun tamam\u0131n\u0131 PDF olarak g\u00f6r\u00fcnt\u00fclemek i\u00e7in a\u015fa\u011f\u0131daki dosyay\u0131 indirebilirsiniz.<\/p>\n

<\/object>1770724972126_ISCTR-20260210-425<\/a>\u0130ndir<\/a><\/div>\n

Kaynak: <\/strong>Ziraat Yat\u0131r\u0131m Ara\u015ft\u0131rma<\/em><\/p>\n

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Y\u00fczde 100 bedelli ve y\u00fczde 100 oran\u0131ndaki bedelsiz sermaye art\u0131r\u0131m\u0131 tescil edildi<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n

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